Prosperity Isn’t Where the Media Says It Is (And It’s Not Where They Say It Isn’t)
By Daniel Kaufman If you listen to the national media long enough, you would think America’s major legacy cities are collapsing, everyone is fleeing the coasts, and the only smart real estate investment is somewhere in the Sunbelt. As a real estate developer and investor who actually studies long-term fundamentals instead of headlines, I can tell you the reality is far more nuanced — and far more interesting. A new framework called the Geography of Prosperity Index, created by Bradley Schurman and Jaymes Cloninger, attempts to measure something most rankings miss: long-term civic viability, not just short-term economics. That distinction matters. Too much real estate analysis today is driven by lagging indicators like last year’s population migration numbers, temporary interest rate impacts, or political narratives. Serious investors look at durability — not noise. And the results of this study challenge a lot of the simplistic narratives dominating real estate c...